Hello,
I have tried it on three different hosts and those two who support PHP5.5 it is working but unfortunately on the one we are using it is only PHP 5.4 support.
And this might be interesting, this is the latest reply from my host that is not supporting PHP5.5:
Unfortunately we only provide upto PHP 5.4 version on our server. That is the reason you are getting check out error. There are some PHP variables in PHP 5.5 which are absent in PHP 5.4. We are very soon going to introduce a new Control Panel where you will get PHP 5.5 and above.
This leads me to the conclusion thaty PHP 5.5 is definitely necessary both by own trial and errors and their replies that verifies my theories.
Regards,
Micke